Eligible small business entities can access a range of concessions including payment and reporting options:
Income tax concessions
GST and excise concessions
PAYG instalment concession
To qualify for these concessions, you'll need to determine if your business is a 'small business entity' for the income year. This applies to sole traders, partnerships, companies and trusts. Eligibility must be reviewed each year.
For assistance regarding any of the above, please contact DD's Taxation and Accounting Centre as we specialise in small businesses and start-ups.